Complete solution for incorporation of a Section 8 Company.
- Eligibility – To incorporate a Section 8 company a minimum of two persons are required over the age of 18 years with atleast one person being an Indian citizen and resident.
- Compliance – Eennydeal Consultants offers a comprehensive section 8 company accounting and compliance management solution.
A Section 8 Company is an organization which is registered as a Non-Profit Organization (NPO). NPO/company has its objective of promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects. It functions exactly like a limited company including all the rights and obligations that come with such a company. However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name.
The income of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions. In case they don’t fulfil them, the central government may also order them to wind up the company. In case fraud objectives of the Company are proved, legal action will be taken against all officers of the Company.Section 8 Company Registration can be done through Eennydeal Consultants in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities.
Documents Required for Section 8 Company Registration
- Digital Signature Certificate (if you already have it)
- Director Identification Number (if you already have it)
- Memorandum of Association
- Articles of Association
- ID proof for members: (Aadhar Card, Passport, Voter ID)
- Passport size Photographs
- Director’s details (if Members are other Companies/LLPs)
- Address Proof
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